2021-12-31-accounts - Finchampstead Baptist Church

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F CHA	TEAD B	RCH	C AB M	C AB M		BY RANTE	E
		TA NT	FINANCIAL ACTIVITI
		E INC F RTH YEA	AN P NDED31' DECEM	REACCO 2	NT
			2021				2020
	Notes	Unrestricted	Restricted	Total		Unrestricted	Restricted	Total
		E	E	E		E	E	E
INCOME FROM - Donations and Offenngs	2	254,795	975	255,770		360,676	49,658	410,334
—Investments - Other Trading Activities	3 4	1,069 333,029	146 12,000	1,215 345,029		1,443 263,362	1,052 12,000	2,495 275,362
Total Income		588 893	13121	602 014		625 481	62 710	688 191
EXPENDITURE ON
—Raising Funds - Charitable Activities	9 5	536,020	86,458	622,478		546,051	242,458	788,509
Total Expenditure		536 0211	86 458	622 478		546 051	242 458	788 509
Net (Expenditure)/Income		52,873	(73,337)	(20,464)		79,430	(179,748)	(100,318)
Actuarial gains		5,638		5,638		25,124		25,124
Transfer Between Funds		(91,370)	91,370			(113,168)	113,168
Net Movement in Funds		(32,859)	18,033	(14,826)		(8,614)	(66,580)	(75,194)
Funds Brought Forward 1/1/2021		165,724	5,004,956	5,170,680		174,338	5,071,536	5,245,874
Funds Carried Forward 31/12/2021	17	6132865	65 022 989	E5 155854		1165724	65 004 956	15 170 680

						Total Funds	Total Funds
						2021	2020
					Note	E	E
Cash flows from operating activities: Net cash provided by (used in) operating			activities		A	24,495	96,790
Cash flows from investing activities:
Interest	received					1,215	2,495
Disposal	(acquisition) of investment						378
Purchase	ofTangible Fixed Assets
Net cash	provided by investing activities					1,215	2,873
Change reporting	in Cash and Cash Equivalent period	in the				25,710	99,663
Cash and Cash Equivalent at the beginning ofthe reporting period					8	492,611	392,948
Cash and Cash Equivalent at the end ofthe reporting period						E518,321	E492,611
	Net (expenditure)/income for the		reporting	period
	as per the Statement of Financial		Activities			(14,826)	(75,194)
	Interest receivable					(1,215)	(2,495)
	(Increase)/decrease in debtors					(28,588)	10,974
	(Decrease)/increase in creditors					(12,756)	(25,879)
	Depreciation					81,880	188 384
						E24,495	E96,790
8	Cash at bank and in hand					262,509	237,874
	Notice deposits (less than 3	months)				255,812	2541737
						E518,321	E492,611

	DONATIONS	DONATIONS	AND OFFERINGS	AND OFFERINGS	AND OFFERINGS
								2021			2020
						Notes	Unrestricted	Restricted		Total
							f	f		f	f
	General						187,695			187,695	276,259
	Mission								975	975	1913
							187,695		975	188,670	278,172
	Grants						26,207			26,207	74,745
	GIFT AID RECOVERED
	General						40,893			40,893	57,417
	Mission
							E254 795	E975		E255 770	E410 334
3.	INVESTMENTS
	Interest	on Short Term
	Investments						EI 069	1146		El 215	E2 495
4.	OTHER	TRADING ACTIVITIES
	FBCCENTRE		INCOME
	Catering						119,014			119,014	78,681
	Facilities						111,612			111,612	87,480
	Service Charge						101284			1111284	94 082
							331,910			331,910	260,243
	YOUTH	INCOME
	Finchampstead			Parish	Council			12,000		12,000	12,000
	Activity	Fees					1 119			1119	3 119
							E333029	E12	000	E345 029	6275 362
	CHARITABLE		ACTIVITIES
	FBC Centre Expenses (Note 6)						323,358			323,358	333,412
	Ministry						138,980			138,980	174,752
	Missionary Giving (Note 7)						49,360		975	50,335	68,648
	Outreach	Costs						6,220		6,220	6,033
	Upkeep	of Premises					13,602			13,602	8,646
	General	Support		Costs	(Note 8)		10,720			10,720	10,251
	Property	Depreciation			(Note 11)			79	263	79263	186 767
							E536020	E86	458	E622 478	E788 509

FBCCENTRE EXPENSES
	2021	2020
	I	E
Non-Service Charge Expenses Cost of Goods Sold	41,622	25,621
Staff Expenses Programme Expenses	67,939 595	88,610 1,345
Upkeep of Premises	3,396	3,018
Total Non-Service Charge Expenses	113,552	118,594
Service Charge Expenses
Auditor and Accounting Fees	2,325	2,682
Bank Charges Dues, Subscriptions and Licenses	3,065 1,601	2,381 2,001
Utilities —Gas, Water and Electricity	21,952	23,144
Facilities Upkeep, Repairs and Maintenance Insurance Expense Marketing Materials	67,473 12,273 327	77,079 11,078 333
Non-Reclaimable VAT	12,526	12,558
Staff Expenses Office Expenses Security	79,780 3,594 4,890	69,226 2,810 11,526
Total Service Charge Expenses	208 806	214818
Total Expenses	E323 338	E333412

The FBC has set aside 20%	of Unrestricted	of Unrestricted	of Unrestricted	General	Fund Income to be given	Fund Income to be given	for	missionary causes.	missionary causes.
Missionary Giving					E	E			E		E
20% of General fund Given Grants during the year (see	in year (E228,591) below)					45,718 ~49 360					66,735 ~57 147
						(3,642)					9,588
No surplus on tithe 2021 Transfer to Yeldall Manor											~9588
Breakdown ofthe 200/o ofGeneral			Fund
given in 2021
Grants made to Institutions					Total	Amount
					ofGrants Paid				Purpose
						E
Further Faster UK						8,000			Supporting	UK	Churches
Soulscape						6,240			Local area	schools
Baptist Home Mission						6,240			UK Baptist	Churches
BMS World Mission						6,240			Overseas	Baptist Mission
Evangelical Alliance Subscriptions						400			Subscription
Christians Against Poverty						2,000			Subscription
Innovista						3,000			Equipping	Leaders
LICC						6,000			UK Mission
Uganda Projects						3,000			Overseas	Mission
Tearfund						2,000			Overseas	Mission
Total Grants to Institutions					E43,120
Grants Made to Individuals
Teus and Maria Kappers						6,240			Overseas	Mission
Total Grants to individuals						E6,240
Other Missionary Giving	in Addition to			20o/47
General Fund Giving					2021	2020			Purpose
								E
Restricted Income for Missionary			Causes
Tearfund Appeal									Overseas	Mission
Dominique Edmunds						375			Mission Training
Suubi Clinic						600			Overseas	Mission
Innovista							1,569		Rehabilitation		Centre
Restricted Income for Missionary		Causes				975	1,913
Income Tax Reclaim
Total Restricted Income for	Missionary		Causes			E975	E1,913

GENERAL SUPP	ORT	COSTS
			2021	2020
			E
Website and IT Costs			3,636	2,124
Technical/Sound			2,167	2,731
Publishing, Photocopying		and Stationery	920	857
Audit, Accounting	Fees	and Software	3,774	4,355
Sundries			223	184
			E10,720	E10,251

RAISING	FUNDS
Fundraising	Materials

2021	2020
E	E

Chns Sim	pkins	is included in th	e trustee	s ofthe ch	arity. He was reim	bursed for travel costs	incurred.
						2021	2020
Number	of full	time equivalent	trustees	who were	paid
expenses
Total Amount		Paid (E)				E176
Chris Simplons		received remuneration		and pension	benefits,
under his terms of employment,			as follows
						2021	2020
Chris Simpkins
Stipend						32,269	31,950
Pension	Contributions					3,814	8,302
						E36,083	E40,252

FBCUNINCORPORATED
					Total
Property					E
Cost
At 1st January 2021					5,157,871
Additions
Disposals
At 31st December 2021					5 157871
Accumulated Depredation
At 1st January 2021					475,575
Charge for Year					79,263
Dispose is
At 31st December 2021					554 838
Net Book Value
At 31st December 2021					64 603033
At 31st December 2020					64 682 286
FBCCHARITABLE COMPANY LIMITED BYGUARANTEE
	Property		Furniture	and	Total
	Enhancemen		Equipment
	t
	E		E
At Cost
At 1stJanuary 2021	56,098		92,059		148,157
Additions
Disposals
At 31st December 2021	56	098	92	059	148 157
Accumulated Depreciation
At 1stJanuary 2021	2,802		88,164		90,966
Charge for Year		467	2,150		2,617
Disposals
At 31st December 2021	3	269	90	314	93583
Net Book Value at 31st December 2021	E52	829	Ei	745	E54 574
Net Book Value at 31st December 2020	E53	296	E3	895	E57 191

12.	DEBTORS
									2021		2020
									E		E
	Trade Debtors								11,901		4,053
	Gift Aid Recoverable								24,495		12,097
	VAT											177
	Floats									584		90
	Sundry Debtors 82 Prepayments								10	936	4	510
									647916		920927
13.	SHORT TERM INVESTMENTS
	Bank of Scotland —Sinlong		Fund						85,053		63,723
	Bank of Scotland —General		Fund								21,277
	Santander								84,778		84,769
	Scottish Widows Bank	—Sinking		Fund					85981		84968
									E255	812	E254	737
14.	CASH AT BANK AND	IN HAND
	Current Accounts								E262	509	E237	874
15.	CREDITORS DUE WITHIN ONE YEAR
	VAT								2,360
	Trade Creditors								24,455		17,357
	Other Creditors 82 Accruals								9,775		17,088
	Provision for pension	deficit (Note 20)							4	561	4	260
									E41	151	E38705
16.	CREDITORS DUE AFTER		MORE THAN		ONE	YEAR
	Provision for pension	deficit	(Note 20)						E26,839		643,640
17.	MOVEMENT IN FUNDS							Fund		Opening		Ooslng
	2021				Income		Expenditure	Transfers		Balance	Balance
					E		E	E		E		E
	Unrestricted
	General Undesignated				594,531		(536,020)	(91,370)		144,226		111,367
	Christian Service Grant									21,498		21,498
					594,531		(536,020)	(91,370)		165,724		132,865
	Restricted
	Mission Grants					975	(975)			1,967		1,967
	Finchampstead Pansh	Council			12,000		(6,220)			5,967		11,747
	Arborfleld Fund									58,810		58,810
	Yeldall Manor							(9,588)		9,588
	Sinking Fund					146		100,958		233,460		334,564
	Finchampstead Baptist
	Church (Note 18)						79 263		4 695 164		4	615901
	Total				E607,652		E(622,478)	E-	E5,170,680		E5,155,854

MOVEMENT IN FUNDS 2020	MOVEMENT IN FUNDS 2020	(cont'd)	Income	Expenditure	Fund Tnlnsfers	Opening Balance	Closing Balance
			E	E	E	E	E
Unrestricted
General Undesignated			650,605	(546,051)	(113,168)	152,840	144,226
Chrislian Service Grant						21,498	21,498
			650,605	(546,051)	(113,168)	174,338	165,724
Restricted
Mission Grants			1,913	(1,913)		1,967	1,967
Coronavlrus )ob Retention		Scheme	47,745	(47,745)
Finchampstead	Parish Council			(6,033)			5,967
			12,0
			00
Arborileld Fund						58,810	58,810
Yeldall Manor					9,588		9,588
Sinking Fund			1,052		103,580	128,828	233,460
Flnchampslead	Baptist
Church (Note 18)				186767		4 881931	4 695 164
Total			E713,315	E(788,509)	E-	E5,245,874	E5,170,680

inancial	assumptions underlying the valuation were as follows:
Type of	assumption	%0 pa
RPI price inflation assumption		3.50
CPI price	inflation assumption	2.75
Minimum	Pensionable Income Increases (CPI plus 1.0'lope)	3.50
Assumed	investment returns
- Pre-retirement		3.50
— Post	retirement	2.25
Deferred	pension increases
— Pre April 2009		3.50
— Post	April 2009	2.50
Pension	Increases
- Main	Scheme pension Pre April 2006	2.70
— Main	Scheme pension Post April 2006	2.00